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cliff spending and revenue raised in the next three weeks, and, yes, that's at the end of the month. they'll get through that, but, again, you want to have leverage when you have that conversation. that leverage is going to, i think, hinge off of what you were saying, and i think you're right. boehner has probably the better hand to play here given that really there's not a strong hand, but it's a better hand than what he otherwise would have in terms of negotiations. if he is just allowed get in the room and negotiate the deal because he knows he has all these other, you know, arrows in his quiver that he can use. >> i just -- i think it's hopeful that they went -- that he went to the white house yesterday and almost kind of hopeful that at least everybody is agreeing not to say anything, as opposed to leaking bad news. really quickly, jonathan, the president is going to michigan, and he will be -- well, he is there en route now. the right to work law in michigan could be signed as early, i believe, finalized as early as tomorrow. what is the president owe labor unions at this point
cliff spending and revenue raised in the next three weeks, and, yes, that's at the end of the month. they'll get through that, but, again, you want to have leverage when you have that conversation. that leverage is going to, i think, hinge off of what you were saying, and i think you're right. boehner has probably the better hand to play here given that really there's not a strong hand, but it's a better hand than what he otherwise would have in terms of negotiations. if he is just allowed get...
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spending christmas in d.c. tracie potts has those good morning. >>> the president sitting down with john boehner, the staff sitting behind closed door, but today republican members come back to capitol hill and boehner may have a problem. >> all these members are going to come back to town, and they're going to want to play a role in these negotiations. >> the house is back today. that means conservative republicans who insist the wealthy keep this year's tax breaks could put the squeeze on their own party. that's the one thing president obama refuses to bend on. otherwise he says he's flexible. >> i understand, you know, people have a lot of different views. i'm willing to compromise a little bit. >> so are some republicans to save tax breaks for the middle class now and deal with the wealthy later. let's recognize reality, take care of as many people as we possibly can. >> polls show more taxpayers will blame republicans if taxes go up. that's increasing the odds of a year-end deal. >> it's a better than 50/5
spending christmas in d.c. tracie potts has those good morning. >>> the president sitting down with john boehner, the staff sitting behind closed door, but today republican members come back to capitol hill and boehner may have a problem. >> all these members are going to come back to town, and they're going to want to play a role in these negotiations. >> the house is back today. that means conservative republicans who insist the wealthy keep this year's tax breaks could...
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stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that takes go up for the wealthy. >> will i accept a deal? >> yes. >> we don't have a lot of cards before year end. we have one house. that's it, the presidency and the senate. it's in the democrat's hands. >> since we agree with the democrats, 98% of the american people and 80% of the bush tax cuts, i would get that off the table now so they don't worry about it. >> democrats insist taxes are going up on the rich no matter what. >> if you don't increase tax rates 2%, you won't generate enough revenue to have meaningful deficit reductions. >> republicans want big spending cuts to programs like medicare and social security. >> we don't want to be back here in another year or ten years answering the same questions. >> reporter: as talks continue on both sides of pennsylvania avenue, americans from main street to wall street wait to see who will blink first. brian moore, nbc news in washington. >>> bad news in afghani
stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that takes go up for the wealthy. >> will i accept a deal? >> yes. >> we don't have a lot of cards before year end. we have one house. that's it, the presidency and the senate. it's in the democrat's hands. >> since we agree with the democrats, 98% of the american people and 80% of the bush tax cuts, i would...
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getting past the fiscal cliff is an imperative. we are having a one-sided conversation. the republicans have put out a plan saying raise revenue from reach people, banseed, spending cuts, and that landed with a thud over in the white house, no response, and the president has yet to put out a balanced plan, and what we got is i want $1.6 trillion in tax revenue. give it to me. gerri: and rid of the debt ceiling. >> we've seen this movie before. no ceiling, give me the revenue, i'll spend it. now what? until cuts are in place, this doesn't make sense. gerri: i want to hear what ann coulter said about the debate. >> don't cave on everything, but republicans feed into what the media is telling america -- >> wait a minute, i want to understand. you are saying then for pr purposes, they should give into obama on the tax rate. >> not exactly. well, yeah, i guess i am -- >> you're saying obama, who is -- we don't have a revenue problem, ann. >> we lost the election, sean. gerri: what do you think of this? as a strategy, maybe it's the right thing? acknowledge that the american p
getting past the fiscal cliff is an imperative. we are having a one-sided conversation. the republicans have put out a plan saying raise revenue from reach people, banseed, spending cuts, and that landed with a thud over in the white house, no response, and the president has yet to put out a balanced plan, and what we got is i want $1.6 trillion in tax revenue. give it to me. gerri: and rid of the debt ceiling. >> we've seen this movie before. no ceiling, give me the revenue, i'll spend...
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cliff negotiations, immigration reform has become like taxes and spending. do you do it step-by-step, which is what the republicans like, because they'd like to show they are tough on security and there isn't a legal path to citizenship for illegal immigrants, or do you do the whole thing all together? if i were carl rove, which isn't something i imagine myself being often, i would knock on the door of olympia snowe and say what are your lessons for us? >> fun conversation. >> that would actually be a fun conversation. we hope that carl rove, if you're listening, takes that advice. >>> coming to the recent data, planned parenthood provides less than 5% of resources to abortion services, but that's not stopping republicans in their quest to defund the organization entirely. we'll head to the lone star state and take a look at the eye of the storm just ahead. >>> lauren wanted to introduce cabbage to mainstream america. she created mother-in law's kimchi. for more, watch 7:30 on msnbc. we are gathered here today to celebrate the union of tim and laura. it's am
cliff negotiations, immigration reform has become like taxes and spending. do you do it step-by-step, which is what the republicans like, because they'd like to show they are tough on security and there isn't a legal path to citizenship for illegal immigrants, or do you do the whole thing all together? if i were carl rove, which isn't something i imagine myself being often, i would knock on the door of olympia snowe and say what are your lessons for us? >> fun conversation. >> that...
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as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and we'll go off the cliff if the republicans don't acreed to that demand. so we're still at a stand still. >> paul: kim, why is the president so insistent on increasing tax rates? boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy
as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and we'll go...
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the longer the white house slow walks the process, the closer our economy gets to the fiscal cliff. >> if there is one fact that should not be in dispute, it ought to be this. the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. >> ari, the president saying he's willing to make the tough decisions on the spending cuts if the republicans acquiesce on tax hikes. meanwhile, republicans say i need to see the spending cuts first, show me yours first, before i give you anything on the tax hike. it's this game of who's going to blink first. but it really doesn't benefit john boehner to continue this, as we see the public opinion and his brand is really taking a hit on this. >> i think so. we've seen this movie before. there's a lot of enthusiasm for vague cuts but when you have to actually decide what gets cut, even republicans blanch. the bloomberg poll out today shows 50% of republicans think that it's time to raise the taxes on the top 2% because the president has a mandate. that's just republicans. the
the longer the white house slow walks the process, the closer our economy gets to the fiscal cliff. >> if there is one fact that should not be in dispute, it ought to be this. the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. >> ari, the president saying he's willing to make the tough decisions on the spending cuts if the republicans acquiesce on tax hikes. meanwhile, republicans say i need to...
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saying my goodness if we engage in this -- if we go over this fiscal cliff we're hurting the job market. it's fascinating to see how they change messages day by day. another example is the increase in the medicare eligibility age. this is a big thing on their wish list. this does not save money. this raises the cost of health care if you look economywide. there's not a good policy reason to do this. but it becomes a trophy. a substantiveless trophy. >> right. okay. julian, boehner's office is denying that they asked for permanent tax cuts for the rich saying any talk of making any rates permanent is moot because part of their offer is doing comprehensive tax reform next year. are you buying that? >> no. i think it's important right now to step back and understand the stage craft that the losing side in these debates always has to go through. i went through two of these negotiations very intimately when i was a staff government reform committee in '91. it's slow walking. when one side realizes they've lost debate but not able to go to their caucus and tell them they lost. in boehner's ca
saying my goodness if we engage in this -- if we go over this fiscal cliff we're hurting the job market. it's fascinating to see how they change messages day by day. another example is the increase in the medicare eligibility age. this is a big thing on their wish list. this does not save money. this raises the cost of health care if you look economywide. there's not a good policy reason to do this. but it becomes a trophy. a substantiveless trophy. >> right. okay. julian, boehner's...
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taxpayer dollars without any limit at all. >> even as the fiscal cliff negotiations drag on in washington, wall street seems to be basically unphased. the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall street hasn't displayed more of an impact from this fiscal cliff nonsense? >> thomas, what wall street hates most of all is uncertainty and it's counterintuitive, there's actually plenty of certainty now. what's going to be certain is taxes are going up. either we go off the cliff or the curb and then taxes rise for everybody and then maybe they get repealed for the middle class and others or we reach a deal and taxes go up for the wealthiest 2% and everybody e
taxpayer dollars without any limit at all. >> even as the fiscal cliff negotiations drag on in washington, wall street seems to be basically unphased. the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks...
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the longer the white house slow walks this process, the slowser our economy gets to the fiscal cliff. >> that slow walk comment specifically was in response to that counteroffer. here's what the white house press secretary responded to boehner. >> it's not a mystery. we have seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long. >> yesterday afternoon after all of that back and forth, republicans delivered a formal counteroffer. it was virtually identical to the proposal the president rejected a week ago, but with more detail. the congressional liaison met with boehner's top aide and last night he called boehner himself all to make sure they didn't start trashing each other's proposal. the white house is on the cautiously optimistic side. the house republicans are on the cautiously pessimistic side. they will get a deal and boehner's strong statement on the house floor was for effect for his own problem. they didn't want to make major concessions or counteroffers until boehner admits publicl
the longer the white house slow walks this process, the slowser our economy gets to the fiscal cliff. >> that slow walk comment specifically was in response to that counteroffer. here's what the white house press secretary responded to boehner. >> it's not a mystery. we have seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long. >> yesterday afternoon after all of that back and...
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any agreement, and walk our economy right up to the fiscal cliff. doing that, puts jobs in our country, in danger. jeopardizes a golden opportunity to make 2013 the year that we enact fundamental tax reform and entitlement reform to begin to solve our country's debt problem, frankly, revenue problem. as you can see from this chart, real revenue growth is critically important, as long as real cuts in spending, if we're going to solve our long-term fiscal problem. as i said five weeks ago, the election wasn't a mandate to raise taxes on small businesses. it was a mandate for both parties to work together, to take on the big challenges that our country is facing. republicans are ready and eager to do just that. we made a reasonable offer. it's now up to the white house to show us how they're going to cut spending and give us the balanced agreement that the president has talked about for weeks. if the president will step up and show us he's willing to make the spending cuts that are needs, i think we can do some real good in the days ahead. if not, he w
any agreement, and walk our economy right up to the fiscal cliff. doing that, puts jobs in our country, in danger. jeopardizes a golden opportunity to make 2013 the year that we enact fundamental tax reform and entitlement reform to begin to solve our country's debt problem, frankly, revenue problem. as you can see from this chart, real revenue growth is critically important, as long as real cuts in spending, if we're going to solve our long-term fiscal problem. as i said five weeks ago, the...
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ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the right to vote of any american on welfare. once they get off well taer and are self-sustaining they get their right restored. no american on welfare should have the right to vote for tax increases on those americans working and paying taxes to support them. >>> and "the daily show's" jon stewart says maybe we should go off the fiscal cliff. >> back and forth of offers. it's pretty clear the republicans aren't going to come to the table with anything reasonable. i'll be the one to say it, i know it will be disastrous and doom our economy for years to come, let's go over the [ bleep ] cliff. fine. just leave the negotiating tables and send us over the cliff. you know why? at least for a few seconds, it will feel like we're flying. >> all right. that's going to wrap things up for me today. thanks for your time. see you back here tomorrow at 11:00 e
ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the right to vote of any american on welfare. once they get off well taer and are self-sustaining they get their right restored. no american on welfare should have the right to vote for tax increases on those americans working and paying taxes to support...
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economy over the fiscal cliff, and around the capitol there's largely the sound of silence as the white house and congress try to work out a deal behind closed doors. the president has no public events on his schedule. and all through the house, not a creature was stirring except, that is, for john boehner, who emerged to gavel the house into session this afternoon after a week's recess with his trademark holiday cheer. >> washington has a spending problem. now, the president doesn't agree with our approach. he's got an obligation to put forward a plan that can pass both chambers of the congress because right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> i'm sorry, i meant his trademark ba ham bug which he's been doling out by the sleigh load. >> there's a stalemate. let's not kid ourselves. we have a debt problem that is out of control. we've got to cut spending. washington has got a spending problem. just more of the same. >> more of the same indeed. and as minority leader nancy pelosi today declared with america
economy over the fiscal cliff, and around the capitol there's largely the sound of silence as the white house and congress try to work out a deal behind closed doors. the president has no public events on his schedule. and all through the house, not a creature was stirring except, that is, for john boehner, who emerged to gavel the house into session this afternoon after a week's recess with his trademark holiday cheer. >> washington has a spending problem. now, the president doesn't...
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cliff stand. for the first time in a while the president has no public events today. on his agenda he has spent the last few weeks as you know on this relentless pr campaign to talk about it. and his lack of a tuesday to do list adds punch to reports like this one in the "wall street journal" with the headline talks take positive turn. >> john boehner, sitting down with the president, seems these two men are getting the job done, from what we hear. >> it is the serious business because they've got to come to a framework at the end of this week if they're going to get it written in time and passed in time so they all don't have to spend christmas in washington. >> that's right,er. wants to get out of town for the holidays. we are book now with our political power panel. msnbc contributor ron reagan and republican strategist. this is where things stand. last night the president's team called boehner, asked for more details on taxes. boehner's office says that they want more details on spending cuts.
cliff stand. for the first time in a while the president has no public events today. on his agenda he has spent the last few weeks as you know on this relentless pr campaign to talk about it. and his lack of a tuesday to do list adds punch to reports like this one in the "wall street journal" with the headline talks take positive turn. >> john boehner, sitting down with the president, seems these two men are getting the job done, from what we hear. >> it is the serious...
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cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joey reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to have to be calculated with either this new version of the amt or the fixed version, and that is the difference between it affects -- it adds tens of millions of people getting bitten by this thing. i know that the insiders are more worried about that actually getting fixed than the cliff at this point. >> yeah. when i started covering capitol hill in washington, there were two things that people talked about, which was the amt patch and the dock fix. everyone is like where are we on the amt fix. they adjust the payments and do this thing with the amt. we were asking early on, is there a way?
cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joey reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to have...
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this thing we call the fiscal cliff is a law that republicans voted for and that the president steered them to vote for. and strategically, he was victorious in that. the theory of this thing was, no one wants it to happen. no one wants anything in this bill to happen. the rates to go up or all the spending cuts. but it turns out that the democrats and the president like more of what would happen on january 1 than republicans. >> do you know who agrees with you? rick santorum. i spoke to him on press pass and this is what he said. and newt gingrich, you respond after you hear this. >> the greatest leverage he has is that he put together a deal with the republicans over a year ago that gives him pretty much what he wants. which is a dramatic -- which is taxes back to the pre-bush rates. so it gets all the tax increases. and he can blame the ones that are not popular on republicans for not negotiating. he gets something that he'll never get in a negotiation. >> the rest of that conversation online, by the way, with rick santorum. newt gingrich? is that why the president and geithner are
this thing we call the fiscal cliff is a law that republicans voted for and that the president steered them to vote for. and strategically, he was victorious in that. the theory of this thing was, no one wants it to happen. no one wants anything in this bill to happen. the rates to go up or all the spending cuts. but it turns out that the democrats and the president like more of what would happen on january 1 than republicans. >> do you know who agrees with you? rick santorum. i spoke to...
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that's part of the reason we want to avoid the fiscal cliff. it's actually too much deficit reduck sln too quickly in the wrong parts of the budget. you want a more thoughtful, thought out plan. on your point about the debt ceiling, we what we need is to have certainty, know where we're headed. not have multiple showdowns but the debt ceiling is only going to be increased significantly if it goes hand in hand with a big enough deal which has real changes in the budget. so the best thing we could do is put in place a balanced plan deals with all parts of the budget and really provides the kind of sense of security that households, small businesses, everybody needs to know so we can start planning for the economy and hopefully getting things growing back again. one of the things you see is that when your debt levels are as high as they are, in this country right now, that's a tamp on economic growth and can harm growth. that's the point we're at. we know that part of a growth strategy will have to be getting control of these deficits and debt and
that's part of the reason we want to avoid the fiscal cliff. it's actually too much deficit reduck sln too quickly in the wrong parts of the budget. you want a more thoughtful, thought out plan. on your point about the debt ceiling, we what we need is to have certainty, know where we're headed. not have multiple showdowns but the debt ceiling is only going to be increased significantly if it goes hand in hand with a big enough deal which has real changes in the budget. so the best thing we...
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. >> his demand involve spending increasing, no decreases, at least under the fiscal cliff we have some mandatory cutting, albeit disproportionately to defense spending but it's better than accepting obama's terms crammed down our throat. boehner needs to paint obama as the one who is holding the country hostage. he wants to talk about holding the middle class hostage? no it's him holding the entire country hostage and our kids hostage, with his krin call refuse ool to enter the entitlement reform game. >> wow, he is really bad. >> stephanie: yeah i can see why he didn't get the radio show. >> sheky. >> stephanie: that was so merrill osmond. >> merrill was kind of the leader. >> stephanie: i dove donnie. steve doocy. >> europe is great because they have wonderful food and runny cheeses, but we shouldn't base our policies on theirs because they are stinkers. >> we should base it on singapore where they have no unemployment, and they have a competitive market. that protects workers. >> stephanie: we should be like singapore? >> oh my god. holy crap. he is a bigger idiot than i thought. he
. >> his demand involve spending increasing, no decreases, at least under the fiscal cliff we have some mandatory cutting, albeit disproportionately to defense spending but it's better than accepting obama's terms crammed down our throat. boehner needs to paint obama as the one who is holding the country hostage. he wants to talk about holding the middle class hostage? no it's him holding the entire country hostage and our kids hostage, with his krin call refuse ool to enter the...
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patty murray says she doesn't mind going over the fiscal cliff. dick durbin says we can't take up entitlements this year and the president says you can't touch social security plus he wants more spending and whatever the deal is. that's not what the american people thought the fiscal cliff was about. they thought it was about trying to have something to force us, force our congress and our president to do something about the deficit and debt situation. everything they're talking about will make it worse. >> what's the answer? will we have the deal? >> the real answer is to have comprehensive. look at this. i as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a period of months, if we had entitlement reform. we have to control defense spending. we have to control other no non- -- other discretionary non-defense spending. i think if you have the whole package, i would hold my nose despite the fact raising those two tax brackets is bad economics, bad for jobs, will hurt the economy,
patty murray says she doesn't mind going over the fiscal cliff. dick durbin says we can't take up entitlements this year and the president says you can't touch social security plus he wants more spending and whatever the deal is. that's not what the american people thought the fiscal cliff was about. they thought it was about trying to have something to force us, force our congress and our president to do something about the deficit and debt situation. everything they're talking about will make...
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so that's why there's such interest in averting this fiscal cliff. and i think that we can do that by simply taking up the senate bill. we continue the middle class tax cuts. >> before i let you go, starting today, same-sex couples in washington were able to marry for the first time because the state's same-sex marriage law took effect on friday. the supreme court announcing on friday, the same-sex law took effect at midnight. the supreme court announcing friday it's going to wade into the same-sex marriage debate. as a politician who is openly gay, are we on the cusp of a tectonic shift of sourts with regards to marriage equality in this country? >> i sure hope so, those of us who strongly support equality are looking to the court to do something. like the loving case that allowed for interracial marriage. like brown versus board of education. it's time to say you have the right to be in a committed relationship with the person you love and the government shouldn't tell you who that is. it's a simple, clear-cut case and i certainly hope the supreme
so that's why there's such interest in averting this fiscal cliff. and i think that we can do that by simply taking up the senate bill. we continue the middle class tax cuts. >> before i let you go, starting today, same-sex couples in washington were able to marry for the first time because the state's same-sex marriage law took effect on friday. the supreme court announcing on friday, the same-sex law took effect at midnight. the supreme court announcing friday it's going to wade into...
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this fiscal cliff negotiation seems doomed. am i being pessimistic? >> we're basically spending like europeans, but being taxed like americans. at some point you got to decide which you want. basically american government spending now is getting close to norwegian levels. and at that point, you can't have american tax levels. >> brian: what is their level? >> they spend 46% of gdp and people pay that. that's reflected in their taxes. america is basically borrowing $188 million every hour in washington. seven days a week, 24 hours a day, thanksgiving, ramadan, whatever. that gap cannot be closed by sticking to to the rich. >> brian: don't you think the president realizes that or do you think he fully realizes that in. >> oh, yeah, he does. this is the cunning thing. he's going to blame it on the rich, blame it on the republicans. but right now if you're just an average working guy with an average income, your taxes are going to go up because for him -- pour for the president, it's not about the economy. it's about government. it's about the size of gov
this fiscal cliff negotiation seems doomed. am i being pessimistic? >> we're basically spending like europeans, but being taxed like americans. at some point you got to decide which you want. basically american government spending now is getting close to norwegian levels. and at that point, you can't have american tax levels. >> brian: what is their level? >> they spend 46% of gdp and people pay that. that's reflected in their taxes. america is basically borrowing $188 million...
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than they would have otherwise because of the fiscal cliff. this uncertainty, this overhang, was having a tremendous impact. that will also put pressure on the white house. the last thing you need is people underspending going into the holidays. >> their customers are those that will be primarily affected by the tax increase, a $2,000 average increase. i would imagine the majority of walmart customers would feel that immediately. >> working middle class. >> they are. steve rattner, walmart really focuses on what politicians call walmart moms. and they and other retailers are seeing in all of their internal data that their shoppers, their consumers, are very nervous. consumer confidence drives what happens between now and the end of the year. and this will have a major impact on the economy, as you showed us in your charts last time, if the white house and congress fail to make a deal. >> yeah, and you're seeing it elsewhere as well. i think business is very clearly not hiring as many people, holding back on investment. ben bernanke said yester
than they would have otherwise because of the fiscal cliff. this uncertainty, this overhang, was having a tremendous impact. that will also put pressure on the white house. the last thing you need is people underspending going into the holidays. >> their customers are those that will be primarily affected by the tax increase, a $2,000 average increase. i would imagine the majority of walmart customers would feel that immediately. >> working middle class. >> they are. steve...
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Dec 8, 2012
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there's a possibility of some major changes to entitlement spending by the end of these fiscal cliff negotiations. it looks like democratic leaders are right now warming to the idea of raising medicare premiums for wealthier people. you in the past have been somewhat outspoken in terms of your opposition to the idea of altering entitlements in a dramatic way. are you changing your tune? >> no. however, i will say this. we have taken seriously the fact that we have an obligation to our seniors, that medicare has worked for millions, almost 450 million americans, seniors mostly but disabled. and we want to start the discussion about medicare with the promise we are going to keep medicare and find a way to contain the rate of growth in costs under medicare and all health care been helpful. >> sure. >> but we'll meet that obligation to our seniors. that's where i think we start. >> it sounds like you are open to the idea, then, of some tweaks to medicare, to some tweaks to entitlements for revenue. >> my conditions are -- and i think this is true for most democrats -- is that we maintain
there's a possibility of some major changes to entitlement spending by the end of these fiscal cliff negotiations. it looks like democratic leaders are right now warming to the idea of raising medicare premiums for wealthier people. you in the past have been somewhat outspoken in terms of your opposition to the idea of altering entitlements in a dramatic way. are you changing your tune? >> no. however, i will say this. we have taken seriously the fact that we have an obligation to our...
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they're the ones who brought us to the fiscal cliff as we were talking yesterday because their super committee failed to do its job and now we have the sequestration hanging over our heads. >> they constantly create a situation, try to blame obama. >> bill: kevin, do you think we dare say look, hold the line and if you don't raise rates on the top 2%, we're not going to make a deal? >> absolutely. hold the line. i'll gladly pay more taxes than to have some rich son of a bitch pay more. >> bill: you and me both. that's all right. i'm willing to do it. i am a patriotic millionaire. i ought to -- i should join the club. thanks, kevin for the call. >> announcer: this is the "bill press show." which was just as you say -- maybe it was starve the beast. i'll look it up during the break. going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call t
they're the ones who brought us to the fiscal cliff as we were talking yesterday because their super committee failed to do its job and now we have the sequestration hanging over our heads. >> they constantly create a situation, try to blame obama. >> bill: kevin, do you think we dare say look, hold the line and if you don't raise rates on the top 2%, we're not going to make a deal? >> absolutely. hold the line. i'll gladly pay more taxes than to have some rich son of a bitch...
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merry cliff mas. with a dramatic name like fiscal cliff, it has to be exciting. jim? >> the president is asking for 1.6 trillion. >> $600 billion in tax hikes. >> dividends and capital gains. >> discretionary spending. >> i'm up. what happened? is it over? >> pro union protesters are swarming the michigan capitol building in lansing. >> you're disgusting. >> dude, you are from michigan, detroit. eight mile. you have to come up with better miles than busting and disgusting. if you want to win the rap battle, put effort into it. >> you have one job. one factory. when you seize every benefit you could, yo, my palms are sweaty and knees weak working in the factory building chevies. you plug it in and you win. ecologically because if it was an actual race you would not actually. you got to collect for the union or robots are going to take away our jobs or to the chinese kids with the tiny hands the work will go. this opportunity comes once in a lifetime yo. >> we are locking at heavy rain and we will see improvements as the cold front clears the area. most of the country l
merry cliff mas. with a dramatic name like fiscal cliff, it has to be exciting. jim? >> the president is asking for 1.6 trillion. >> $600 billion in tax hikes. >> dividends and capital gains. >> discretionary spending. >> i'm up. what happened? is it over? >> pro union protesters are swarming the michigan capitol building in lansing. >> you're disgusting. >> dude, you are from michigan, detroit. eight mile. you have to come up with better miles...